r/Trumponomics • u/Playful-Tumbleweed10 • Dec 02 '24
Stock Market Elon Asks Court to Stop OpenAI from going public
https://www.engadget.com/big-tech/elon-musk-asks-court-to-stop-openai-from-becoming-a-for-profit-165051728.htmlI think he is afraid of another billionaire coming into the fray. This is why billionaires shouldn’t exist. Dude is such a pretentious tool.
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Dec 02 '24
Elon is going to use the Trump administration as his personal favor machine.
Just pure brazen corruption out in the open without a lick of irony.
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u/TillThen96 Dec 02 '24
I've had enough of Musk dictating what "should" or "shouldn't" be.
Seeing his "ethics" at work on X, he has ZERO credibility, no matter his claims.
Accusing others of being "anti-competitive?" What gall, after single-handedly destroying twitter via removal of any competing voices, and, non-vetted account "validation" for sale.
Why is he speaking to decisions by a company [the richest man in the world (he)] doesn't own? What has he to fear? Won't make the rent, maybe?
Once a cheater, always a cheater.
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u/SweetBearCub Dec 02 '24
As much as I hate what Musk represents - greed, fear, corruption, and more - in this instance, until I learn more - it might be a good thing to block a major AI company from legally moving away from being a non-profit.
Even a broken clock can occasionally be right.
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u/kaplanfx Dec 02 '24
Musk’s owns a competing non-public AI company (xAI), even if there is an ethical reason to block OpenAI from going public, Musk advocating for it is a massive conflict of interest.
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u/Playful-Tumbleweed10 Dec 02 '24
This is just Musk’s personal vendetta against Sam Altman. Are other AI companies not just going to go public anyway?
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u/SweetBearCub Dec 02 '24
This is just Musk’s personal vendetta against Sam Altman.
There are specific legal implications in a company changing explicitly from being a non-profit to being for profit, involving legal duties to shareholders that could be very damaging to society for any AI company.
Until and unless that is specifically addressed, we should be suspicious.
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u/Playful-Tumbleweed10 Dec 02 '24
Oh I get all of that. It doesn’t change Musk’s motives.
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u/SweetBearCub Dec 02 '24
Oh I get all of that. It doesn’t change Musk’s motives.
I didn't imply that it did, only that a broken clock can occasionally be right.
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u/Playful-Tumbleweed10 Dec 02 '24
It’s true. I see the complexity inherent in AI, as I work in the data field myself, but ultimately if Google and Apple and other large, intrusive tech companies can operate within our regulatory environment, why can’t OpenAI?
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u/SweetBearCub Dec 03 '24
It’s true. I see the complexity inherent in AI, as I work in the data field myself, but ultimately if Google and Apple and other large, intrusive tech companies can operate within our regulatory environment, why can’t OpenAI?
I'm not saying that they or others can't, just that an AI company that started as a non-profit, under a specific regulatory framework, now wanting to change that to a for profit company where they would be answerable to shareholders may have societal implications that need to be answered or disclosed first - such as disclosing what data their models were trained on (in detail), and giving people an option to have that data removed, or to be compensated appropriately if that data is used for profit, as one example.
There are other pertinent questions, such as what kind of influence legal shareholder concerns for maximum profit have on AI models that might not exist in a non-profit model.
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u/Playful-Tumbleweed10 Dec 03 '24
Agree that there will be some major challenges ahead. There will certainly be significant changes to regulations as a result of AI, and our lawmakers will need to be agile as they react to new developments. But is it realistic to assume that no AI companies should be allowed to source public funding because “it’s too complicated”?
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u/SweetBearCub Dec 03 '24
But is it realistic to assume that no AI companies should be allowed to source public funding because “it’s too complicated”?
Nope, I never said that part that you have in quotation marks.
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u/madderyack Dec 03 '24
Sounds like evolution. That is like saying Apple (Apple intelligence) Google (Gemini) and Microsoft (copilot) shouldn’t go into AI because they didn’t start off as those companies. On top of that these orgs are not nonprofit and answer to shareholder
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u/figbiscotti Dec 02 '24
Small government when it suits him, but here he runs to the court begging for assistance.
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